CANADA STOCKS-TSX may open high on Fed optimism

Thu Dec 18, 2014 7:40am EST
 
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Dec 18 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday, after the Federal Reserve painted an upbeat assessment of the U.S. economy and promised to be patient in raising rates.

December futures on the S&P TSX index were up 1.0 percent at 7:15 a.m. ET.

No major economy data is scheduled for Thursday.

Canada's main stock index had its biggest one-day jump in more than three years on Wednesday as a rebound in oil prices sent its heavily weighted energy sector up by more than 7 percent.

Dow Jones Industrial Average e-mini futures were up 1.07 percent, while S&P 500 e-mini futures were up 1.09 percent and Nasdaq 100 e-mini futures were up 1.27 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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Canadian convenience store operator Alimentation Couche-Tard Inc will buy U.S. convenience store chain The Pantry Inc for $1.7 billion, including debt.

COMMODITIES AT 7:15 a.m. ET

Gold futures : $1,207.3; +1.09 pct   Continued...